Qfin Q2 Net Income Plunges 54% on RMB500M Tax Hit; Q3 Guidance Down 67-73%
QFIN is trading near its 52-week low of $10.85 (4.5% above the low) on elevated volume (5.4× avg).
Summary
Qfin Holdings reported Q2 2026 net income of RMB401.4M, down 54% sequentially, hit by a RMB500M non-recurring tax charge. Q3 guidance implies a 67-73% year-over-year profit decline.
Key Events · Earnings and Guidance · QFIN
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Q2 Net Income Down 54% Sequentially
Net income fell to RMB401.4M (US$59.2M) from RMB879.8M in Q1 2026, driven by a non-recurring RMB500M tax expense from updated tax authority interpretation.
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Q3 Guidance Implies 67-73% YoY Decline
Company expects Q3 2026 net income of RMB360-460M and non-GAAP net income of RMB400-500M, representing a 67-73% year-over-year decline.
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Loan Volume Contracts 25%
Total facilitation and origination loan volume fell 25.1% year-over-year to RMB63,377M, with outstanding loan balance down 23.2% to RMB107,562M.
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Semi-Annual Dividend Declared
Board approved US$0.46 per ADS dividend for H1 2026, payable around October 1, 2026 to ADS holders of record September 9, 2026.
Analysis · QFIN · Finance
Qfin's Q2 net income collapsed to RMB401.4M from RMB879.8M last quarter, driven by a one-time RMB500M tax expense from a new tax authority interpretation. The company guided Q3 net income down 67-73% year-over-year, signaling continued industry contraction and regulatory pressure. The stock trades near its 52-week low, and this earnings report confirms the fundamental deterioration behind that decline.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, QFIN was trading at $11.34 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $10.85 to $32.69. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.